General Contractor
A general contractor is a professional who oversees and manages construction projects from start to finish, coordinating all aspects including hiring subcontractors, obtaining permits, and ensuring work meets building codes. They serve as the main point of contact between property owners and the various trades involved in construction or renovation projects. General contractors are typically licensed, bonded, and insured to protect both themselves and their clients.
Example
“The general contractor coordinated the electricians, plumbers, and carpenters to ensure the kitchen renovation was completed on schedule and within budget.”
Memory Tip
Think of a general in the army who commands all the different specialized units - a general contractor commands all the specialized trades on a construction site.
Why It Matters
Choosing a qualified general contractor is crucial for ensuring construction projects are completed safely, on time, and within budget while meeting all legal requirements. They can significantly impact property values and help avoid costly mistakes or code violations that could affect future sales.
Common Misconception
Many homeowners think they can save money by acting as their own general contractor, but lack of experience often leads to higher costs, delays, and potential safety issues.
In Practice
Before listing their home, the sellers hired a general contractor to renovate the kitchen and add a bathroom, which increased the home's value by $40,000. The contractor coordinated plumbers, electricians, and finish carpenters while ensuring all work passed city inspections.
Etymology
From Latin 'generalis' meaning relating to the whole, and 'contrahere' meaning to draw together, describing someone who draws together all the various trades and specialties into one cohesive construction project.
Common Misspellings
Compare the best financial products for you
More in construction
Other construction terms you should know
Need financial definitions?
Clear definitions for 2,500+ finance, insurance, and investing terms.